Brokerages expect that Ranger Energy Services Inc (NYSE:RNGR) will announce earnings per share (EPS) of ($0.09) for the current quarter, according to Zacks. Two analysts have made estimates for Ranger Energy Services’ earnings, with estimates ranging from ($0.09) to ($0.08). The firm is scheduled to report its next quarterly earnings report after the market closes on Thursday, February 27th.

According to Zacks, analysts expect that Ranger Energy Services will report full year earnings of $0.29 per share for the current year, with EPS estimates ranging from $0.22 to $0.35. For the next fiscal year, analysts expect that the company will post earnings of $0.21 per share, with EPS estimates ranging from $0.14 to $0.35. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Ranger Energy Services.

Several equities research analysts have recently issued reports on RNGR shares. Credit Suisse Group upgraded shares of Ranger Energy Services from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $7.00 to $8.00 in a report on Tuesday, December 3rd. ValuEngine upgraded shares of Ranger Energy Services from a “strong sell” rating to a “sell” rating in a report on Monday, December 30th. Barclays set a $7.00 target price on shares of Ranger Energy Services and gave the stock a “buy” rating in a report on Friday, October 25th. Zacks Investment Research upgraded shares of Ranger Energy Services from a “strong sell” rating to a “buy” rating and set a $7.25 target price for the company in a report on Thursday, January 2nd. Finally, B. Riley restated a “buy” rating and issued a $9.00 target price on shares of Ranger Energy Services in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Ranger Energy Services presently has an average rating of “Buy” and an average price target of $8.05.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Ranger Energy Services by 15.5% during the 2nd quarter. BlackRock Inc. now owns 14,358 shares of the company’s stock valued at $115,000 after buying an additional 1,928 shares in the last quarter. Royal Bank of Canada lifted its holdings in Ranger Energy Services by 250,000.0% during the 2nd quarter. Royal Bank of Canada now owns 7,503 shares of the company’s stock valued at $60,000 after buying an additional 7,500 shares in the last quarter. UBS Group AG lifted its holdings in Ranger Energy Services by 58.6% during the 4th quarter. UBS Group AG now owns 4,757 shares of the company’s stock valued at $30,000 after buying an additional 1,757 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Ranger Energy Services by 18.0% during the 4th quarter. Renaissance Technologies LLC now owns 29,486 shares of the company’s stock valued at $190,000 after buying an additional 4,500 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Ranger Energy Services by 14.6% during the 4th quarter. Franklin Resources Inc. now owns 295,745 shares of the company’s stock valued at $1,905,000 after buying an additional 37,700 shares in the last quarter. Institutional investors own 26.78% of the company’s stock.

Shares of Ranger Energy Services stock traded down $0.16 during trading on Friday, hitting $6.84. The stock had a trading volume of 3,085 shares, compared to its average volume of 15,409. The firm’s fifty day simple moving average is $7.05 and its 200-day simple moving average is $6.53. The stock has a market cap of $109.49 million, a PE ratio of 18.49 and a beta of 3.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 1.12. Ranger Energy Services has a 12 month low of $4.77 and a 12 month high of $8.76.

Ranger Energy Services Company Profile

Ranger Energy Services, Inc provides well service rigs and related services in the United States. It operates through three segments: High Specification Rigs, Completion and Other Services, and Processing Solutions. The company offers well completion support services, such as milling out composite plugs used during hydraulic fracturing, wireline, and snubbing services; workover services, including retrieval and replacement of existing production tubing; well maintenance services comprising replacement of downhole artificial lift components; and decommissioning services consisting of plugging and abandonment services.

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Earnings History and Estimates for Ranger Energy Services (NYSE:RNGR)

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